PIF ends investment after five years and $5bn
LIV announces new independent board in funding push
LIV Golf has launched its search for fresh investment in a race against time to save its future after official confirmation Saudi funding would cease at the end of the 2026 season.
Hours after LIV announced the creation of a new independent board minus Yasir al-Rumayyan, the governor of Saudi Arabia’s Public Investment Fund, a PIF statement formally substantiated the rumours that it was pulling the plug on the start-up after around $5bn (£3.7bn) of investment.
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